Doubt cast over Fonterra's forecast payout
A recovery in dairy prices could be a long way off. With special audio feature.
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Hawke’s Bay
A second poor result at the GlobalDairyTrade (GDT) auction has cast more doubt over Fonterra’s $4.60 kg/MS payout forecast for this season.
Dairy prices fell 1.4% at the GDT auction this morning, with the price of whole milk powder slipping 0.5%.
This follows a 1.6% drop in dairy prices on
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Jason Walls
Wed, 20 Jan 2016
Wed, 20 Jan 2016
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Doubt cast over Fonterra's forecast payout
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